Wanda Predicts Legendary to Reel in $613 Million in 2016 Sales

Chinese conglomerate Dalian Wanda Group, now the majority holder of Thomas Tull’s Legendary production company, predicted the new unit would bring in $613 million, or 4.02 billion Chinese yuan, in revenue this year.

The company made the statement in a news release tied to its annual meeting in China’s Yunan province.

Wanda’s $3.5 billion investment in Legendary, the company that helped finance such hits as “Jurassic World” and “Straight Outta Compton,” gives the global entertainment powerhouse a firmer hold in Hollywood. The Chinese comglomerate already owns the No 2. theater chain in the US, AMC Theaters, as well as China’s biggest line of cinemas and its own production studio in China.

Legendary big-budget movies “Warcraft” and “The Great Wall” will both be out in 2016.

This year, the company projected its entertainment arm would increase revenue 30 percent, overall, which includes sales from Legendary and its cinema chain as well as its own production company and film distribution outfit.

Overall, Wanda projected its 2016 revenue would fall 12 percent 254.3 billion yuan, largely because of a decline in its real estate division.

10 Highest-Grossing Boxing Movies of All Time - From 'Rocky' to 'Million Dollar Baby' (Photos)

A number of movies with a pugilism theme have cleaned up at the box office -- mostly those with Sylvester Stallone starring as Rocky Balboa. Will "Southpaw," starring Jake Gyllenhaal punch through into the highest grossing list?

8. Rocky Balboa (2006)Domestic gross: $70.3 million30 years after his first fight, Rocky Balboa (Stallone) comes out of retirement and steps into the ring for his final fight against the reigning heavyweight champion, Mason "The Line" Dixon.

MGM

7. Rocky II (1979)Domestic gross: $79. 2 millionRocky (Stallone) struggles in family life after his losing match against Apollo Creed, but the defeated champ goads him into a rematch so that Rocky can pay his bills.

MGM

6. Real Steel (2011)Domestic gross: $85.5 millionThe movie stars Hugh Jackman, Dakota Goyo and Evangeline Lilly, and follows a man who thinks he found a champion in a discarded robot -- in the future, robot boxing has become the go-to sport.

5. The Fighter (2010)Domestic gross: $93.6 millionStarring Mark Wahlberg, Amy Adams and Christian Bale, the film gives us a look at the starting years of boxer "Irish" Micky Ward and his brother, who helped him train before going pro.

4. Million Dollar Baby (2004)Domestic gross: $100.4 millionStarring Hilary Swank, Clint Eastwood, Jay Baruchel and Morgan Freeman, the film follows a determined woman who trains with a hardened boxing trainer to become a professional.

2. Rocky III (1982)Domestic gross: $125 millionRocky (Stallone) has been holding the title of heavyweight champion until he is defeated by a challenger -- then, he must regain his title by defeating his previous opponent: Apollo Creed.

With Jake Gyllenhaal‘s “Southpaw” joining the fight-movie club, we look at the big money makers in that collection

A number of movies with a pugilism theme have cleaned up at the box office -- mostly those with Sylvester Stallone starring as Rocky Balboa. Will "Southpaw," starring Jake Gyllenhaal punch through into the highest grossing list?